Blockchain

Aleph Zero Launches NEON Program, Enlists Major Global Partners Including Pairpoint, Backed by Vodafone and Sumitomo

on

    More in Blockchain:

    Zug, Switzerland, September 10th, 2024, Chainwire

    The Next-Gen Enterprise and Opportunity Navigator (NEON) program will support global enterprises on their journey into web3, fostering innovation and widespread adoption of blockchain technology.

    The Aleph Zero Foundation, a pioneer in privacy-enhancing blockchain infrastructure, announces the launch of its NEON Program, a comprehensive initiative designed to support enterprises from various sectors in harnessing the power of blockchain technology. The program will deliver dedicated resources, expert guidance, and ease of access to innovative technology to facilitate deeper integration of privacy-enhancing blockchain technology across various business use-cases.

    The NEON Program goes beyond traditional enterprise support by offering a comprehensive suite of resources tailored to each member’s unique needs and ambitions in the web3 space. At its core, the program provides a team of dedicated business and technical experts who work closely with members to navigate the complexities of web3 integration. 

    The program caters to a wide range of companies, from those taking their first steps into web3 to seasoned players. This hands-on approach is complemented by a wealth of educational resources, in-depth workshops, and tailored support designed to keep members at the forefront of market and tech developments. By fostering connections with industry experts and exploring potential new revenue streams through ecosystem participation, the NEON Program empowers enterprises to not just adapt to the evolving digital landscape, but to actively shape it.

    “Blockchain technology is rapidly expanding into diverse industries, powering an ever-growing array of use cases,” said Antoni Zolciak, Co-founder of Aleph Zero. “As this landscape evolves, businesses need expert guidance to navigate and harness this technology effectively. We’re incredibly proud to launch the NEON Program, offering tailored support that empowers enterprises at all stages of blockchain adoption. Our goal is to foster innovation, drive adoption, and help businesses unlock the full potential of web3 in their operations.”

    Strategic Partnerships Across Industries

    Aleph Zero has already secured partnerships with global leaders in the telecommunications sector, including Deutsche Telekom and stc Bahrain, demonstrating the blockchain’s capability to meet the rigorous demands of large-scale operations. The program is expanding to include companies and organizations from various industries:

    • Pairpoint (A Vodafone and Sumitomo Company): Born from two leading multinationals, Vodafone and Sumitomo, Pairpoint enables devices to act as autonomous ‘economic agents’, allowing them to transact directly between them to create better user experiences. For example, electric cars can pay for their energy, delivery trucks can sell spare capacity, or smart meters can sell their solar production to their neighbors.
    • CAMARA Foundation (Linux Foundation): Launched in 2021 under the Linux Foundation and GSMA, the CAMARA Project aims to standardize APIs for telecommunications networks. Aleph Zero joined as the first blockchain General Member to develop and contribute to blockchain-specific initiatives. A key focus of this collaboration is the Blockchain Public Address API, which could revolutionize how users interact with blockchain technologies on mobile devices.

    “At Pairpoint, we’re exploring privacy-focused technologies in the evolving ‘Economy of Things,’ where devices are becoming smarter and more autonomous,” said Siva Balasuriyar, CFO and Web3 Lead at Pairpoint. “Joining the NEON program provides Pairpoint with the resources and partnerships we need to strengthen our own knowledge, whilst collaborating with Aleph Zero and others in navigating this groundbreaking landscape. Supported by this partnership, Pairpoint will deploy and operate validator nodes to enhance the resilience and security of the blockchain infrastructure.”

    Introducing the Next-Gen Enterprise & Opportunity Navigator Program

    The launch of the Next-Gen Enterprise & Opportunity Navigator (NEON) Program marks a new phase in Aleph Zero’s engagement with enterprises. NEON is designed to help members effectively navigate the ecosystem, providing crucial support and fostering collaboration. With Aleph Zero’s unique technology stack that features advanced zero-knowledge privacy capabilities, the program is particularly appealing for applications requiring stringent data privacy.

    Membership Benefits of the NEON Program:

    • Dedicated Account Manager: Each member is assigned a Single Point of Contact (SPOC) for personalized business and technical support.
    • Regular Insights: Members gain access to the latest ecosystem insights through regular updates from the NEON Program.
    • Exclusive Networking Opportunities: Members can participate in exclusive networking opportunities at key web3 conferences, events, hackathons, and ecosystem dinners.
    • Exploratory Workshops: Members have the opportunity to engage in workshops designed to explore opportunities within Web3 and the Aleph Zero platform.
    • Custom AZERO Addresses: Each member receives a unique “yourcompany.azero” enterprise blockchain address.
    • Access to Focus Groups: Members can join specialized focus groups on “Data & Tooling,” “Loyalty, Art & Collectibles,” and “Web3 Education,” each tailored to provide in-depth exploration of specific areas of interest.

    For more information on how to join the Aleph Zero NEON Program and benefit from its offerings, please visit the official website.

    About Aleph Zero

    Aleph Zero is a privacy-first ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero-knowledge, and offers a comprehensive toolset for development across web3 that ranges from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero ecosystem development programs.

    For more information, readers can visit https://alephzero.org/ 

    About Pairpoint

    Pairpoint is creating the world’s largest Economy of Things (EoT) Ecosystem by providing a secure digital platform that allows vehicles, devices, and machines to autonomously and seamlessly interact and trade with each other.

    Headquartered in the UK with offices in London and Lisbon, Pairpoint is backed by a €60M investment from Vodafone Group and Sumitomo Group. For more information on Pairpoint, readers can visit https://www.pairpoint.io. 

    For any enquiries about this release, readers can please contact josh@serotonin.co 

    Contact

    PR Manager
    Josh Adams
    Aleph Zero
    josh@serotonin.co

    PostAd_coinrule_banner728x90

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    *

    Strengthening Crypto Security: Bybit’s AI Risk Engine Fortifies Hot and Cold Wallets, Screening $1 Billion in Withdrawals in First Half of 2024

    2024-09-20T12:29:38Z

    DUBAI, United Arab Emirates, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is stepping up its security efforts, using cutting-edge AI technology to fend off hackers and bad actors. In the first half of 2024, Bybit protected users by executing 32 million withdrawals and prevented the loss of over $79 million in client assets by vetting close to $1 billion in suspicious withdrawal attempts. More than $37 million in project funds were also safeguarded.

    As part of its tiered approach to fund safety, Bybit’s focus on protecting hot wallets and cold wallets plays a critical role in preventing hacking and fraud. Bybit has strengthened its verification processes, applying extra scrutiny to large transactions and high-risk withdrawals. While most fraudulent attempts were prevented in the early stage, the exchange detected abnormal withdrawal requests involving over $940 million in cryptocurrency during the first six months of 2024, with over 8.4% confirmed as attempted fraudulent withdrawals.

    Fraud Prevention in an Evolving Threat Landscape

    As crypto adoption scales, fraudsters and hackers increasingly target individual users and institutional vulnerabilities. Bybit, as one of the leading crypto exchanges, stands as a critical line of defense against these threats, employing sophisticated AI-driven security protocols to foil illicit schemes. The rise of AI has emerged as an area of concern for security and risk experts, prompting service providers to reconfigure their security posture.

    Covering Every Vulnerability with AI-Driven Protection

    Bybit’s deployment of AI technology serves as a robust shield against evolving risks. From securing user wallet systems to detecting complex, AI-enabled fraud attempts, Bybit's enterprise-level AI fortifies each layer of its defenses.

    All Bybit users can opt into multi-channel verifications and biometric authentication to ensure that their identities are securely verified. For instance, Bybit's risk engine recently thwarted an attempt involving face-swapping technology aimed at bypassing facial verification in its Know Your Customer (KYC) process. Thanks to its live face detection and virtual camera detection, Bybit's system swiftly blocked the attempt by the hacker.

    With a proprietary risk control engine and user behavioral analytics models, Bybit streamlined fraud detection with a combination of both automated and human scrutiny. The wealth of data and algorithmic processes help the system and a team of over 50 risk and security experts detect irregular behavioral patterns and sound the alarm for suspicious activities. The approach significantly reduces the risk of unauthorized access, instructions and withdrawals.

    A “Safety-first” Approach to Trading

    “One of the main reasons users choose to use centralized exchanges is the high level of support and protection they offer. Bybit invests heavily in software, hardware and talent to ensure that our 40 million customers can trade with confidence, knowing that their assets are protected by the most secure blockchain security measures,” said Helen Liu, Chief Operating Officer of Bybit.

    “We are pleased to have kept the fraudulent rate in withdrawals below 10% in the first half of 2024, and we are committed to strengthening our first lines of defenses to ensure that every aspect of the Bybit experience is safe and secure,” continued Liu.

    Raising the Bar for Industry Security

    Bybit has recently announced a comprehensive upgrade of its security measures. Verified by blockchain auditor CertiK, Bybit’s state-of-the-art safety model helped it secure a 10/10 trust score on CoinGecko. By leveraging multi-faceted security frameworks and heavily guarded vaults, Bybit ensures its users’ assets are stored in infrastructures designed to withstand even the most vigorous hacking attacks.

    With its commitment to building lasting trust in the Web3 ecosystem, Bybit aspires to deliver the highest standards in security to set new security standards for the industry.

    #Bybit /#TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, readers can please visit Bybit Press.

    For media inquiries, readers can please contact: media@bybit.com

    For more information, readers can please visit: https://www.bybit.com

    For updates, readers can please follow: Bybit's Communities and Social Media

    Contact

    Head of PR

    Tony Au

    Bybit

    tony.au@bybit.com


    GlobeNewsWire News

    Recent Comments